LIV Golf CEO Scott O'Neil has downplayed concerns about the series' funding, stating that it is "funded through the season" and that the organization will "work tirelessly" to ensure its continuation. This comes amid speculation that Saudi Arabia's Public Investment Fund (PIF), which backs the breakaway golf league, may withdraw its financial support.
The league, which was launched in 2021 as a rival to the PGA Tour and DP World Tour, has reportedly received nearly $5 billion in funding since its inception. O'Neil's comments were in response to rumors that the PIF is set to end its backing of the competition.
LIV Golf team captain Sergio Garcia had earlier alluded to funding being in place until 2030, but O'Neil played down fears, saying that the organization has commitments in place to ensure its continuation. He also stated that it is normal for private equity-funded businesses to work towards creating a business plan to keep going. Earlier in the week, O'Neil had written to LIV staff stating that the season would continue as planned, but made no reference to anything beyond the current season.
The PIF has not commented on the matter, but its governor, Yasir Al Rumayyan, had announced a four-year strategy, which includes reviewing deals and investments due to economic feasibility. Some LIV Golf players, including Ryder Cup star Jon Rahm, have expressed confidence in the league's future, with Rahm stating that he is "not too worried" about the rumors.